IMF Working Papers

Military Expenditure: Econometric Testing of Economic and Political Influences

By Daniel P. Hewitt

May 1, 1991

Preview Citation

Format: Chicago

Daniel P. Hewitt Military Expenditure: Econometric Testing of Economic and Political Influences, (USA: International Monetary Fund, 1991) accessed September 18, 2024
Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

Econometric results from an analysis of the determinants of military expenditure in 125 countries during 1972-88 are presented. The dependent variable is the ratio of military expenditure to GDP; included among the explanatory variables are economic and financial indicators, political variables summarizing the form of government, and demographic and geographic features of nations. The results strongly confirm the importance of these variables in explaining cross-country differences in levels of military expenditure.

Subject: Budget planning and preparation, Central government spending, Defense spending, Expenditure, Population and demographics, Public financial management (PFM)

Keywords: Budget planning and preparation, Central government, Central government spending, Concentration ratio, Consumption expenditure, Country category, Defense spending, Expenditure in proportion to GDP, Form of government variable, Government budget identity, Government consumption expenditure, Government consumption expenditure in proportion to GDP, Government finance statistics yearbook, Government management, Government management of the economy, Gov't consumption ratio, Middle East, Military expenditure, WP

Publication Details

  • Pages:

    37

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Working Paper No. 1991/053

  • Stock No:

    WPIEA0531991

  • ISBN:

    9781451847291

  • ISSN:

    1018-5941

Notes

Econometric results from an analysis of the determinants of military expenditure in 125 countries during 1972-88 are presented.